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Eurex | Eurex Clearing | Eurex Repo
Eurex – Europe’s leading derivatives exchange – and, together with Eurex Clearing, one of the world’s leading central counterparties, reported a year-over-year decline in derivatives trading volume to 186.1 million contracts for April 2026. While this represents a 12 percent decline, the volume in April 2025 was unusually high due to the announcement of U.S. tariffs and the resulting high market volatility. Equity derivatives rose 15 percent, increasing from 33.4 million contracts in April 2025 to 38.4 million in April 2026. Index derivatives fell 28 percent, dropping from 81.5 million to 58.8 million over the same period. Interest rate derivatives decreased by 6 percent, from 94.5 million contracts in April 2025 to 88.8 million in April 2026.
OTC Clearing recorded strong growth in April 2026, with notional outstanding volumes rising 33 percent year on year to EUR 55,888 billion, up from EUR 41,918 billion in April 2025. The primary growth driver was Overnight Index Swaps, which surged 91 percent compared with EUR 5,075 billion in the prior year. Interest rate swaps also contributed significantly, increasing by 30 percent to EUR 22,870 billion.
Eurex Repo, Eurex’s leading electronic market for secured funding and financing, delivered another very strong performance in April. Average term‑adjusted volumes increased 52 percent year‑on‑year compared with April 2025, reaching EUR 573.3 billion. Strongest driver was the Repo segment which jumped 92 percent to 330.2 billion Euro compared to 172.4 billion in April 2025. GC Pooling also reported solid growth of 18 percent.
Business overview – April 2026
April | April | Change | |
Financial derivatives: traded contracts Eurex Exchange | |||
Index derivatives (million) | 58.8 | 81.5 | -28% |
Interest rate derivatives (million) | 88.8 | 94.5 | -6% |
Equity derivatives (million) | 38.4 | 33.4 | +15% |
Total (million)1 | 186.1 | 211.4 | -12% |
OTC Clearing² | |||
Notional outstanding volumes (billion EUR) | 55,888 | 41,918 | +33% |
| 22,870 | 17,658 | +30% |
| 9,681 | 5,075 | +91% |
Average daily cleared volumes (billion EUR) | 402 | 280 | +44% |
| 64 | 46 | +39% |
| 90 | 32 | +177% |
Compression volumes (billion EUR) | 267 | 0 | - |
Repo: Average daily term adjusted volume on Eurex Repo | |||
GC Pooling³ (billion EUR) | 243.1 | 205.5 | +18% |
Repo Market (billion EUR) | 330.2 | 172.4 | +92% |
Total (billion EUR) | 573.3 | 378 | +52% |
1 The total number of contracts traded includes other asset classes such as commodities.
2 Notional cleared volumes including post trading events such as compression.
3 Includes all currencies.
Media contacts:
Nina Lux
+49 69 211-1 37 53
nina.lux@deutsche-boerse.com
Fabian Vichtl
+49 69 211-1 65 95
fabian.vichtl@deutsche-boerse.com